Franklin Electric Co., Inc.

Franklin Electric Co., Inc.

Franklin Electric Co., Inc.

Overview
Date Founded

1946

Headquarters

9255 Coverdale Road, Fort Wayne, IN, 46809, USA

Type of Company

Public

Employees (Worldwide)

5,600

Industries

Industrial Machinery & Manufacturing

Company Description

Welcome to Franklin Electric, the world's leading global provider of complete water and fueling systems. We are comprised of the industry's most extensive lines of water and fueling system solutions. Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Recognized as a technical leader in its specialties, Franklin serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Water Systems Long recognized as the world's largest manufacturer of submersible electric motors, Franklin Electric has been able to leverage its expertise in motor applications to grow and serve several different markets. The principal application for Franklin products is clean water pumping systems, where the company offers pumps, motors, drives, and controls for use in a wide variety of residential, commercial, agricultural, and industrial installations. Franklin also serves the water transfer market with products that include wastewater pumps; sump, sewage, effluent pumps; dewatering and trash pumps; condensate pumps; magnetic drive pumps; low pressure sewer systems; water garden pumps and products; and a wide variety of utility pumps

Contact Data
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Executives & Employees

Chairman, President & Chief Executive Officer

Chief Financial Officer, Chief Accounting Officer & Vice President

Vice President, Chief Administrative Officer, General Counsel & Secretary

Vice President & Chief Information Officer

Benefit Plan Administrator

Vice President, Global Water Systems Engineering

Vice President & President, Headwater Companies

Vice President & President, Global Water

Vice President, Global Product Supply

Vice President & President, Franklin Fueling Systems

Board of Directors

Chairman, President & Chief Executive Officer at Franklin Electric Co., Inc.

Vice President, Treasurer & Chief Financial Officer at The Toro Co.

Executive Chairman at Carlisle Cos., Inc.

President & Chief Executive Officer at Armstrong World Industries, Inc.

Director, President & Chief Executive Officer at Federal Signal Corp.

Former President & Chief Executive Officer at TriMas Corp.

Former Director, President & Chief Executive Officer at Owens Corning

Former Vice President & Chief Financial Officer at Donaldson Company, Inc.

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Franklin Electric Co., Inc.
Owners & Shareholders
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IAM is an active, long-only manager which aims to provide long-term risk-adjusted returns. Their investments are based on a strong conviction that among other macro-economic trends, population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. IAM believe the transition to a more sustainable global economy provides a helpful backdrop to construct high conviction, low turnover equity portfolios that are well positioned to achieve long term capital growth. They offer a range of thematic and unconstrained global equity strategies as well as real asset funds focused on the growth opportunity arising from a sustainable economy. IAM seek to generate outperformance over the long term by investing in the most attractive stocks identified by a research intensive, bottom-up, and stock picking process. The bottom-up process is complemented by a top-down framework to ensure that research is focused on the most promising regions and sectors.

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EARNEST Partners is an institutional investment firm with a global network that we believe enables us to see and to seize opportunities that other investors overlook or cannot access. The firm manages approximately $20 billion in assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations, endowments and sovereign wealth funds. We also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. In addition to our separate account business, EARNEST Partners is the sole subadvisor for the Hancock Horizon Diversified International Fund, the Touchstone Total Return Bond Fund and the Harbor Small Cap Value Fund. The Firm manages Approximately $20 Billion in assets for clients around the world. Local Touch We are fundamental, bottom-up investors; our investment decisions focus on the merits of individual securities. We believe the best investment decisions are thoughtfully distilled from a pool of expertise, and we are pleased to offer our clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting our investments. As a component of our due diligence process, investment team members regularly perform company visits across the Americas, the Asia Pacific region, Western and Eastern Europe, the Middle East and the Sub-continent. Collectively, EARNEST Partners' stakeholders have lived and worked in dozens of countries, and are fluent in the language, commerce and culture of diverse economies that represent a significant portion of the world's economic value and future growth. We believe that identifying the most attractive investment opportunities takes the proper focus: a global focus.

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VNIM provides both equity and fixed income management. For their equity strategy, the firm seeks to achieve long-term capital appreciation by investing in companies at valuations that VNIM believes are materially below their long-term intrinsic value. They employ long-time horizon to exploit shorter-term volatility and poor shorter-term price discovery. VNIM primarily utilizes a fundamental, bottom-up investment process. For their fixed income strategy, the firm aims to maximize total return while preserving capital. They believe active, risk-controlled management, founded on research-driven analyses, can uncover relative values that, over the long-term, produce returns with less risk.

Recent Transactions
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Franklin Electric Co., Inc. purchases Pluga Pumps & Motors Pvt. Ltd.

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Franklin Electric Co., Inc. purchases Valley Farms Supply, Inc.

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Franklin Electric Co., Inc. purchases 2M Co., Inc. resulting in a new company Headwater Cos. LLC

Insider Transactions
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Transaction Advisors
Accountant

Advised onFranklin Electric Co., Inc. purchases Intelligent Controls, Inc.

Legal Advisor

Advised onFranklin Electric Co., Inc. purchases Little Giant Pump Co. from Tecumseh Products Co. LLC

Legal Advisor

Advised onFranklin Electric Co., Inc., Franklin Fueling Systems LLC purchase Wadcorp India Pvt. Ltd.

Legal Advisor

Advised onFranklin Electric Co., Inc. purchases Little Giant Pump Co. from Tecumseh Products Co. LLC

Legal Advisor

Advised onFranklin Electric Co., Inc. purchases Little Giant Pump Co. from Tecumseh Products Co. LLC

Legal Advisor

Advised onFranklin Electric Co., Inc. purchases Little Giant Pump Co. from Tecumseh Products Co. LLC

Advisors & Consultants
Senior Advisor

Former Senior Vice President & President, International Water Systems at Franklin Electric Co., Inc.

Publicist

Professional at Ripple Effect Communications

Key Stats and Financials As of 2019
Market Capitalization
$2.75B
Total Enterprise Value
$2.76B
Earnings Per Share
$2.03
Revenue
$1.31B
Net Profit
$95.5M
EBITDA
$167M
EBITDAMargin
12.68%
Total Debt
$143M
Total Equity
$798M
Enterprise Value Sales
2.1x
Enterprise Value EBITDAOperating
16.4x
TEVNet Income
28.91x
Debt TEV
0.05x
Three Year Compounded Annual Growth Rate Of Revenue
11.44%
Five Year Compounded Annual Growth Rate Of Revenue
4.64%
Suppliers
Automatic Data Processing, Inc. IT Consulting & Services

Automatic Data Processing is a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration, and a leader in business outsourcing services, analytics and compliance expertise. Their unmatched experience, deep insights and cutting-edge technology have transformed human resources from a back-office administrative function to a strategic business advantage.

Competitors
Xylem, Inc. Industrial Machinery & Manufacturing - New York, NY

Xylem, Inc. engages in the design, manufacture and application of highly engineered technologies for the water industry. It provides water and wastewater applications with a broad portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment. It operates through following business segments: Water Infrastructure, Applied Water and Measurement & Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water, offering a range of products including water & wastewater pumps, treatment & testing equipment, and controls & systems. This segment brands include Flygt, Wedeco, Godwin Pumps, WTW, Sanitaire, YSI and Leopold. The Applied Water segment encompasses the uses of water and focuses on the residential, commercial, industrial and agricultural markets. Its products include pumps, valves, heat exchangers, controls and dispensing equipment. The Measurement & Control Solutions segment focuses on developing advanced technology solutions that enable intelligent use and conservation of critical water and energy resources as well as analytical instrumentation used in the testing of water. The company was founded on May 4, 2011 and is headquartered in Rye Brook, NY.

Pentair Plc Industrial Machinery & Manufacturing - Minneapolis, Minnesota

Pentair Plc engages in the provision of water solutions for residential, commercial, industrial, infrastructure, and agriculture applications. Its portfolio of solutions enables people, businesses, and industries to access clean, safe water, reduce water consumption, and recover and reuse it. It operates through the following business segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories. The Filtration Solutions segment distributes water and fluid treatment products and systems, including pressure tanks and vessels, control valves, activated carbon products, conventional filtration products, point-of-entry and point-of-use systems, gas recovery solutions, embrane bioreactors, wastewater reuse systems, and advanced membrane filtration and separation systems. The Flow Technologies segment offers products ranging from light duty diaphragm pumps to high-flow turbine pumps and solid handling pumps. The company was founded by Murray J. Harpole, Vern Stone, Vincent Follmer, Leroy Nelson, and Gary Ostrand on August 31, 1966 and is headquartered in London, the United Kingdom.

Fortive Corp. Industrial Machinery & Manufacturing - Everett, Washington

Fortive is a diversified industrial conglomerate company headquartered in Everett, Washington, United States. Fortive was spun off from Danaher in July 2016. At the point of its independent incorporation, immediately became a component of the S&P 500. Fortive controls over 20 businesses in the areas of field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution. In July 2018, Fortive announced it is buying a software firm named Accruent for about $2 billion. Accurent makes software to track real estate and facilities.

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